Can I retire at age 72 with 855,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $855,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$70,605$69,976$69,363$68,764$68,179$67,806
2 years$34,953$34,302$33,671$33,059$32,466$32,090
3 years$23,071$22,417$21,787$21,182$20,598$20,230
4 years$17,130$16,479$15,856$15,260$14,691$14,334
5 years$13,567$12,920$12,305$11,721$11,168$10,823
6 years$11,193$10,550$9,944$9,374$8,836$8,504
7 years$9,497$8,860$8,264$7,707$7,186$6,867
8 years$8,226$7,594$7,008$6,465$5,962$5,655
9 years$7,238$6,612$6,036$5,507$5,021$4,727
10 years$6,448$5,828$5,262$4,747$4,278$3,997
11 years$5,802$5,189$4,633$4,131$3,679$3,410
12 years$5,264$4,657$4,112$3,624$3,188$2,932
13 years$4,810$4,209$3,673$3,199$2,780$2,535
14 years$4,420$3,826$3,301$2,840$2,437$2,204
15 years$4,083$3,495$2,980$2,533$2,146$1,924
16 years$3,788$3,206$2,702$2,268$1,897$1,686
17 years$3,528$2,953$2,459$2,037$1,682$1,481
18 years$3,297$2,729$2,244$1,836$1,495$1,305
19 years$3,091$2,529$2,055$1,659$1,333$1,153
20 years$2,906$2,350$1,886$1,503$1,190$1,020
21 years$2,738$2,189$1,734$1,364$1,065$905
22 years$2,586$2,043$1,599$1,240$955$803
23 years$2,448$1,911$1,476$1,129$857$714
24 years$2,321$1,790$1,365$1,030$770$635
25 years$2,204$1,680$1,264$941$693$566
26 years$2,097$1,579$1,173$860$624$505
27 years$1,998$1,486$1,089$787$563$451
28 years$1,906$1,400$1,012$721$508$402
29 years$1,820$1,321$942$661$459$360
30 years$1,740$1,248$877$607$414$322
31 years$1,666$1,179$818$557$375$288
32 years$1,596$1,116$763$512$339$258
33 years$1,531$1,057$713$471$307$231
34 years$1,470$1,002$666$433$278$207
35 years$1,412$950$622$399$252$185
36 years$1,358$902$582$368$228$166
37 years$1,307$856$545$339$207$149
38 years$1,258$814$510$312$187$133
39 years$1,212$774$478$288$170$120
40 years$1,169$736$448$265$154$107
41 years$1,128$701$420$245$140$96
42 years$1,089$668$394$226$127$86
43 years$1,051$636$370$209$115$78
44 years$1,016$606$347$193$104$70
45 years$982$578$326$178$95$62
46 years$950$552$306$164$86$56
47 years$919$526$288$152$78$50
48 years$890$502$270$140$71$45
49 years$862$480$254$130$64$41
50 years$835$458$239$120$59$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $855,000, adding $5,535 every year, while hoping to spend $45,842 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 81/13/6 Blend
71$855,000$855,000$855,000$855,000
72$947,919$902,604$889,352$1,023,849
73$995,832$898,056$870,370$1,069,777
74$1,047,094$891,749$849,215$1,113,504
75$1,102,001$883,548$825,767$1,160,086
76$1,160,874$873,310$799,899$1,209,786
77$1,224,065$860,885$771,477$1,262,888
78$1,291,963$846,111$740,365$1,319,709
79$1,364,992$828,819$706,416$1,380,596
80$1,443,619$808,829$669,479$1,445,932
81$1,528,357$785,951$629,395$1,516,140
82$1,619,769$759,983$586,000$1,591,683
83$1,718,475$730,711$539,120$1,673,075
84$1,825,153$697,909$488,574$1,760,882
85$1,940,551$661,340$434,174$1,855,725
86$2,065,491$620,749$375,722$1,958,291
87$2,200,875$575,870$313,013$2,069,338
88$2,347,697$526,419$245,831$2,189,701
89$2,507,048$472,100$173,953$2,320,298
90$2,680,129$412,595$97,142$2,462,146
91$2,868,261$347,571$15,155$2,616,362
92$3,072,897$276,676$0$2,784,180
93$3,295,637$199,537$0$2,971,592
94$3,538,240$115,762$0$3,176,802
95$3,802,641$24,935$0$3,400,511
96$4,090,971$0$0$3,644,561
97$4,405,575$0$0$3,921,479
98$4,749,035$0$0$4,227,711
99$5,124,191$0$0$4,562,225
100$5,534,172$0$0$4,927,813